Why Do Seattle Real Estate Transactions Fall Through?

SEATTLE - Aug. 22, 2013 - PRLog -- As a Realtor specializing in the north seattle neighborhoods for over twenty years, I can attest from many personal experiences that a sale is not a sale until you have the keys to the house and you are sleeping in your own bed in your new home.   

What many think is a sale is not a sale at all.  So many things can and do go wrong.  Far and away, the most frequent reasons for delay and ultimately failure, are financial in nature.   An incomplete application in the form of representations being made without full written verification.  Many buyers, and unfortunately real estate agents, don’t know the difference between a preliminary approval and a pre-qualification.  Even with fully competent representation and sincere intentions on both sides of the transaction, financial conditions can change overnight.  One of the borrowers might lose their job or perhaps there is a decrease in pay for whatever reason.   

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